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    Home > Finance > Telefonica books lower than expected third quarter net profit
    Finance

    Telefonica books lower than expected third quarter net profit

    Published by Global Banking & Finance Review®

    Posted on November 4, 2025

    1 min read

    Last updated: January 21, 2026

    Telefonica books lower than expected third quarter net profit - Finance news and analysis from Global Banking & Finance Review
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    Tags:telecommunicationsMarket analysis

    Quick Summary

    Telefonica's Q3 profit was lower than expected due to impairment charges, but the company is still on track for its full-year targets.

    Table of Contents

    • Telefonica's Third Quarter Financial Overview
    • Impact of Impairment Charges
    • Analyst Expectations vs. Actual Results

    Telefonica Reports Lower Third Quarter Profit Amid Impairment Charges

    Telefonica's Third Quarter Financial Overview

    MADRID (Reuters) -Spain's Telefonica said on Tuesday it booked a lower than expected net profit in the third quarter as a result of one-off impairment charges on its Telefonica Tech unit, though it said it was on track to meet its full-year targets.

    Impact of Impairment Charges

    The company's net profit in the July-September period was 271 million euros ($316.04 million). Analysts had expected an average 418 million euros, according to a company-compiled consensus.

    Analyst Expectations vs. Actual Results

    ($1 = 0.8575 euros)

    (Reporting by Jesus Calero, editing by Inti Landauro)

    Key Takeaways

    • •Telefonica's Q3 net profit was 271 million euros.
    • •Analysts expected a profit of 418 million euros.
    • •Impairment charges affected Telefonica Tech unit.
    • •Company remains on track for full-year targets.
    • •Exchange rate used: $1 = 0.8575 euros.

    Frequently Asked Questions about Telefonica books lower than expected third quarter net profit

    1What is net profit?

    Net profit is the amount of money a company has left after all expenses, taxes, and costs have been deducted from total revenue. It is a key indicator of a company's profitability.

    2What are impairment charges?

    Impairment charges are accounting adjustments that reduce the book value of an asset when its market value falls below its carrying value. This reflects a loss in value and impacts net profit.

    3What is a financial target?

    A financial target is a specific goal set by a company to achieve a certain level of financial performance, such as revenue, profit, or market share, within a defined period.

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